Senate To Review NCUANominees

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WASHINGTON - (10/19/05) -- The Senate Banking Committeeannounced Tuesday it will hold a hearing on the two nominations forthe NCUA Board for Oct. 25, in an effort to fill out thethree-member panel as soon as possible. The two candidates,Republican Rodney Hood and Democrat Gigi Hyland, are widelyexpected to be approved by the committee, then by the full Senatesoon afterwards. Meantime, NCUA Chairman JoAnn Johnson will conducther first monthly meeting of the NCUA Board as the sole panelist onThursday, when she is expected to approve a new rule allowing largecredit unions to self-insure for losses.

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